Economic Development Growth Enterprises Corporation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Economic Development Growth Enterprises Corporation is a 501(c)(3) organization based in Rome, New York, registered in 1988, with $10,796,894 in FY2024 revenue. CharityIndex grades it B.
584 Phoenix Dr, Rome, NY, 13441 EIN 16-0874637 Since 1988
Revenue (FY2024)
$10.8M
▲ 31.8% vs prior year
Expenses (FY2024)
$6.9M
Net assets
$31.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Economic Development Growth Enterprises Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating54 mo reserves · +36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Economic Development Growth Enterprises Corporation: 54 mo reserves · +36% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Economic Development Growth Enterprises Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Economic Development Growth Enterprises Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $4.3M (FY2013) to $10.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $19.2MNet assets $31.2M
Operating margin
36.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50.4M
Total liabilities
$19.2M
Net assets
$31.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,796,894▲31.8% | $6,886,017▼17.3% | $31,225,776▲14.3% | $50,447,197▲24.3% | 990 |
| 2023 | $8,193,120▲37.9% | $8,325,396▲38.9% | $27,329,677▼0.5% | $40,575,052▲0.4% | 990 |
| 2022 | $5,942,134▲62.2% | $5,992,359▲59.1% | $27,473,716▼0.3% | $40,406,038▲11.3% | 990 |
| 2021 | $3,664,365▼61.0% | $3,765,758▼32.7% | $27,545,011▲0.4% | $36,316,583▼2.4% | 990 |
| 2020 | $9,405,181▼44.1% | $5,594,223▼26.0% | $27,425,088▲17.7% | $37,208,501▲13.1% | 990 |
| 2019 | $16,817,671▲69.4% | $7,554,826▼24.4% | $23,307,890▼10.5% | $32,886,744▼36.4% | 990 |
| 2018 | $9,926,589▼68.4% | $9,989,307▼69.3% | $26,046,401▼0.3% | $51,694,001▲2.7% | 990 |
| 2017 | $31,453,941▼10.9% | $32,576,599▼9.4% | $26,120,585▼5.0% | $50,313,638▲15.7% | 990 |
| 2016 | $35,310,327▲153% | $35,943,898▲153% | $27,504,653▼3.4% | $43,501,720▲24.8% | 990 |
| 2015 | $13,977,056▲78.1% | $14,223,046▲88.6% | $28,471,397▼0.9% | $34,851,352▼1.5% | 990 |
| 2014 | $7,847,678▲83.2% | $7,540,957▲63.8% | $28,717,387▲1.1% | $35,396,213▲8.3% | 990 |
| 2013 | $4,284,322 | $4,602,447▼33.6% | $28,410,665▼1.1% | $32,675,207▼9.9% | 990 |
| 2012 | — | $6,932,062▼41.6% | $28,728,790▲5.1% | $36,265,457▼4.9% | 990 |
| 2011 | — | $11,879,845▲202% | $27,342,290▲6.6% | $38,132,750▲20.1% | 990 |
| 2010 | — | $3,928,672 | $25,655,279 | $31,753,234 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $113K total
9 grants to Economic Development Growth Enterprises Corporation totaling $113K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New York State Technology Enterprise Corporation | General program support | 2024 | $15,000 |
| New York State Technology Enterprise Corporation | 2024 spring speaker and leading edge awards (general program support) | 2023 | $12,500 |
| New York State Technology Enterprise Corporation | General program support | 2022 | $12,500 |
| New York State Technology Enterprise Corporation | General program support | 2022 | $12,500 |
| New York State Technology Enterprise Corporation | 2022 leading edge awards sponsorship and general operating support | 2021 | $12,500 |
| New York State Technology Enterprise Corporation | Leading edge award sponsorships; general support | 2020 | $12,500 |
| New York State Technology Enterprise Corporation | Leading edge award sponsorships; general support | 2020 | $12,500 |
| New York State Technology Enterprise Corporation | Leading edge and edge site selectors guild sponsorships | 2019 | $15,000 |
| New York State Technology Enterprise Corporation | General support | 2018 | $7,500 |
Frequently asked questions
- Is Economic Development Growth Enterprises Corporation a legitimate nonprofit?
- Yes. Economic Development Growth Enterprises Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0874637, based in Rome, New York. Donations are tax-deductible.
- What is Economic Development Growth Enterprises Corporation's EIN?
- Economic Development Growth Enterprises Corporation's Employer Identification Number (EIN) is 16-0874637.
- How much revenue does Economic Development Growth Enterprises Corporation report?
- Economic Development Growth Enterprises Corporation reported $10,796,894 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Economic Development Growth Enterprises Corporation have?
- CharityIndex grades Economic Development Growth Enterprises Corporation B, based on financial health (reserves and operating margin).
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Data for Economic Development Growth Enterprises Corporation (EIN 16-0874637) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.